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Nov 9, 2012 12:00pm EST
, president obama will urge lawmakers to work with him to steer the country away from the fiscal cliff. the cliff is a series of automatic tax hikes and spending cuts that will kick in at the end of the year, unless republicans and democrats can reach a deal. both sides say they are willing to work together. >> we're not going over the cliff. we're determined not to go over the cliff. i think better heads will prevail. >> reporter: a fight over taxes is already looming. democratics want families making more than $250,000 a year to pay more. republicans reject that idea. they want cuts to entitlement programs and are pushing tax reform that closes loopholes and eliminates some deductions. >> this is an opportunity for the president to lead. this is his moment. to engage the congress and work towards a solution ha can pass both chambers. >> reporter: since the election, both the president and republicans have been emphasizing compromise. economists say if they don't find one, the fiscal cliff could throw the economy back into a recession. the congressional budget ofce says that those spe
Nov 4, 2012 7:30pm EST
to achieve is for president obama to be a one-term president." and that's what's happened this last year and a half. >> mcconnell: compromise is sometimes very difficult. my 47 members of the senate have very different views from harry and his colleagues about how much government we ought to have, how much taxation we ought to have, how much regulation we ought to have. it is not easy to reach agreement when you have very different views, steve, of the direction the country ought to take. >> kroft: truth be told, neither party's done much to resolve their differences, and have used every parliamentary trick in the book to obstruct each other's agenda. as minority party in the senate, the republican's favorite tool is the filibuster, a tactic older than this frank capra movie from the 1930s. >> half of official washington is here to see democracy's finest show, the filibuster, the right to talk your head off. >> kroft: by holding forth on the senate floor for days on end, the minority can delay or block bills that have support of the majority. >> great principles don't get lost once they
Search Results 0 to 1 of about 2